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India's Aditya Birla Group restarts iron ore business, sources say
By Amy Lv and Neha Arora BEIJING/NEW DELHI, March 6 (Reuters) - Indian commodities trading house Aditya Birla Global Trading is restarting its iron ore operations, three sources familiar with the matter said, as other traders exit the market due to record-low volatility.The Singapore-headquartere...Reuters
8 minutes ago
Malaysia says approved investments hit record high in 2025
KUALA LUMPUR, March 6 (Reuters) - Malaysia recorded 426.7 billion ringgit ($108.13 billion) in approved investments last year, a historic high for the country and an 11% jump from the previous record set in 2024, Prime Minister Anwar Ibrahim said on Friday. This includes 219.6 billion ringgit in dom...Reuters
12 minutes ago
Oil falls as US may intervene in futures market, issues waiver for Russian purchases
PERTH, March 6 (Reuters) - Oil fell for the first time in six days as the U.S. government is considering potentially intervening in the futures market to blunt rising prices and has given waivers to Indian refiners to buy Russian crude to ease supply constraints from the Middle East war.Reuters
39 minutes ago
PRECIOUS-Gold rises 1% as Middle East conflict spurs safe-haven demand
US dollar weakens 0.4%February US employment report due later in the dayRisk of geopolitical tensions escalating, analyst saysBy Noel John March 6 (Reuters) - Gold prices rose on Friday, rebounding from a more than 1% drop in the previous session, after investors sought the safe-haven metal as un...Reuters
44 minutes ago
PRESS DIGEST-British Business - March 6
March 6 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - Greg Abel, the chief executive of Berkshire Hathaway BRKa.N and successor to Warren Buffett, has ...Reuters
55 minutes ago
Oil spill disrupts livelihoods in Mexico's Veracruz state
By Tamara CorroJICACAL, Mexico, March 5 (Reuters) - Coastal residents in the Mexican state of Veracruz are concerned about the recent appearance of oil on local beaches, which has disrupted their livelihoods, fearing it could contaminate a nearby lagoon where communities farm fish and shrimp.Residen...Reuters
58 minutes ago
GRAINS-Soybeans up, set for fifth week of gains on crude oil rally
Soybeans trade near highest since June on oil price rallyWheat up, but improved US weather, supplies keep lid on pricesBy Naveen Thukral SINGAPORE, March 6 (Reuters) - Chicago soybeans ticked up on Friday, heading for a fifth straight weekly gain, on a rally in crude oil prices amid the Iran conf...Reuters
an hour ago
Senate Democrats say they are ready to resume permitting reform talks
March 5 (Reuters) - Senate Democrats are ready to restart negotiations on legislation to speed permitting large infrastructure projects, two lawmakers announced on Thursday, saying they were encouraged by the Trump administration's recent moves to review renewable energy project applications tha...Reuters
2 hours ago
Amazon says it fixed issue that led to website outage for thousands
By Anhata Rooprai March 5 (Reuters) - Amazon AMZN.O said on Thursday it has resolved an issue related to its software code that had caused an hours-long outage on its website for thousands of shoppers.The disruption, which began around 2:00 p.m. ET, gradually eased to less than 650 incidents of p...Reuters
2 hours ago
TECHNICALS-US oil to retest $81.95; upside opens toward $100
For more technical analyses, click SINGAPORE, March 6 (Reuters) - U.S. oil CLc1 is expected to retest a resistance at $81.95 per barrel, a break above could lead to a gain into the $83.23 to $84.03 range.A five-wave cycle from $63.61 looks incomplete. The fifth wave labelled 5 is unfolding. It consi...Reuters
3 hours ago
GRAINS-Soybeans set for fifth week of gains on crude oil rally
SINGAPORE, March 6 (Reuters) - Chicago soybeans ticked up on Friday, heading for a fifth straight weekly gain, on a rally in crude oil prices amid the Iran conflict and expectations of stronger Chinese demand.Wheat inched higher, but the market is set to end the week in negative territory on improve...Reuters
3 hours ago
Silver Price Forecast: XAG/USD jumps above $82.00 amid Iran conflict, US jobs data awaited
Silver price (XAG/USD) holds positive ground near $82.20 during the early Asian session on Friday. The ongoing US-Israeli campaign against Iran provides safe-haven support, boosting the white metal. Traders await the release of the key US employment report for February for fresh impetus.
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3 hours ago
PRECIOUS-Gold holds steady as traders gauge economic impact of Middle East war
March 6 (Reuters) - Gold prices were largely steady on Friday, after dropping more than 1% in the previous session, as investors stayed on the sidelines assessing the impact of a widening Middle East conflict on the global economy. FUNDAMENTALSSpot gold XAU= held its ground at $5,076.09 per ounce...Reuters
3 hours ago
Gold Edges Lower in Early Asian Trade as Inflation and Dollar Suppress Gold’s Safe-Haven Value
TradingKey - During the early Asian session on March 6, spot gold (XAUUSD) maintained a volatile and slightly downward trend, currently trading near $5,074/oz. Meanwhile, spot silver (XAGUSD) edged up 0.21% to $82.07.Shell signs oil and gas, exploration agreements with Venezuela
Shell signs agreements with Venezuelan government for oil and gas projectsAgreements include exploration, local content, and workforce developmentVenezuela's oil reform aims to boost foreign investment and economic stability March 5 (Reuters) - Oil major Shell SHEL.L inked several oil agreeme...Reuters
3 hours ago
EXCLUSIVE-Indian refiners buying prompt Russian oil as Iran war hits supplies, sources say
US issues 30-day waiver allowing India to buy Russian oil stranded at seaIran conflict has disrupted India's Middle East crude shipmentsIndia gets 40% of its crude through Strait of HormuzIndian state refiners have bought 20 million barrels of prompt Russian oil, one source saysBy Nidhi Verma, J...Reuters
3 hours ago
Ukraine says Hungary detains Ukrainian bank employees after leaders trade accusations
Ukrainian foreign minister says Hungary 'taking hostages and stealing money'Ukraine demands release of bank employeesHungarian PM accuses Kyiv of deliberately stopping Russian oilUkrainian president taunts Hungarian leaderOrban makes war in Ukraine a focal point of election campaignBy Olena ...Reuters
3 hours ago
